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  3. the following selected transactions were completed

The following selected transactions were completed during July of the current year: 1. Billed customers...

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Accounting

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The following selected transactions were completed during July of the current year: 1. Billed customers for fees earned, $39,530. 2. Purchased supplies on account, $1,700. 3. Received cash from customers on account, $37,160. 4. Paid creditors on account, $1,030. a. Journalize these transactions in a two-column journal, using the appropriate number to identify the transactions. If an amou b. Post the entnes prepared in (a) to the following T accounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees Ea accounts, select the appropriate number to identify the transaction. b. Post the entries prepared in (a) to the following T accounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees accounts, select the appropriate number to identify the transaction. Accounts Payable Fees Earned c. Assume that the unadjusted trial balance on July 31 shows a credit balance for Accounts Receivable. Does this credit balanc

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